Forex Direction Intraday Breakout Trading Strategy
Forex Direction Intraday Breakout Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around breakouts from a range. It draws arrows on the chart. It has 6 settings, for example period Begin (default 03:00",periodEnd="06:00"), Box HLColor (default C'30,60,100',BoxPeriodCo) and show Daily Open Only (default false,showLinesInBackgro). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 9 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Direction Intraday Breakout Trading Strategy
Forex Direction Intraday Breakout Trading Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 6 settings, such as Period begin, Box hl color and Show daily open only. MQL source code included.
Files in the download: !!!-MT4 BREAKOUT BOX.ex4, !!!-MT4 BREAKOUT BOX.mq4, !!!-MT4 DAILY TARGETS.ex4, !!!-MT4 DAILY TARGETS.mq4, Best Intraday Breakout.tpl, installation manual.txt, itmf_sigalert.ex4, Ma_Parabolic_st2.2-1.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Period begin | 03:00",periodEnd="06:00",BoxEnd="18:00 | Hour when trading starts (server time) |
| Box hl color | C'30,60,100',BoxPeriodColor=C'30,100,60' | Colour on the chart |
| Show daily open only | false,showLinesInBackground=true | |
| Target1 | 0.854,Target2=1.382,Target3=1.618,Target | |
| Daily pivot clr | clrLimeGreen,SuplevelsClr=clrFireBrick,R | |
| Signal gap | 10 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Breakout · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code